India opens farm market: Duty-free DDGS, sorghum to boost poultry; nut duty cut may spur demand

There’s no clarity yet on the level of import duty reduction by India on US tree nuts comprising walnuts, almonds and pistachios. The domestic industry however believes that any duty cut would lead to lower prices, driving consumption among Indian consumers.

India-US trade deal: India will get tariff-free access to certain aircraft and aircraft parts from the US under the framework for an interim bilateral trade agreement announced by both countries, according to a joint statement. India will also receive a preferential tariff rate quota for auto parts and negotiated outcomes on generic pharmaceuticals and ingredients, […]

India-US trade deal: Union Finance Minister Nirmala Sitharaman welcomed the India-US interim trade deal and reaffirmed commitment to stronger bilateral ties. Sharing the joint statement on X, she said, “India-US issue a joint statement: announces ‘a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade (Interim Agreement).’ We remain committed to negotiating the […]

US President Trump has lifted a 25% tariff on Indian goods, fulfilling a trade deal contingent on India ceasing Russian oil imports. The agreement also includes a reduction in reciprocal levies and India’s commitment to purchase $500 billion in US energy and other products over five years.

India-US interim trade deal: The United States and India have agreed on an interim trade pact framework, aiming to lower tariffs and boost economic cooperation. This deal includes India reducing duties on U.S. industrial and farm goods, while the U.S. will apply reciprocal tariffs on certain Indian products, with plans for future removal. Both nations […]

India-US Trade Deal: India and the United States have established a trade deal framework, significantly lowering tariffs and boosting economic cooperation. The agreement includes India’s commitment to purchase $500 billion in U.S. goods over five years, with further negotiations planned for a comprehensive bilateral trade agreement.

Indian rice export prices rose to a near one-month high this week, supported by modest demand and a rebound in the rupee, while prices in Thailand and Vietnam remained steady. India’s 5% broken parboiled rice reached $353–$359 per ton, up from last week, and white rice was at $351–$356 per ton. The rupee’s 1% appreciation […]

The United States will reduce tariffs on goods from India. The tariffs will drop to 18% from the current 50%. This change will happen after a joint statement is signed virtually, marking the first part of a broader trade agreement. Washington plans to issue an executive order to put the lower tariffs into effect a […]